Benzinga on $SPY (Nov 3, 2026)

Uh, most active in the morning. Spies Q's, Apple, Palanteer, Celis, Life Sciences, Intel, Micron, Oracle, Tesla, SanDisk, AMD, Nvidia, no surprises, SpaceX 138.

However, if we take a look at something like SPY and we see how the price action is staring down, what I have right here is the daily volume profile for what's happening since the pre-market.

And so, just before the close yesterday, actually one minute after the close, someone sold 1.1 million shares. Just got a clip. went through, showed up on the time and sales formation and they sold it at shucks.

Let me see what price they sold that at. I took a note. Um 75210 75210. So now we're above that. And then we had a bunch of buys coming in coming in on a sweep and somebody was buying at that 154 area and they were buying 125,000 shares at a clip.

And so today I think it looks a lot like what you're saying a sweep down and then a hold of a floor and a reversal. That is my thought. In general, all the bounces are going to sell, I think.

So, whatever you're looking at for a bounce event, anticipate that motion exhausting at the top of the range. That that's that's just me in general.

Notice volume is way down, right? If we take a look at spy, um, our volumes are really, this this is showing.3 of the average. So, we're running about 30% less volume in general, but look at how important from a weekly perspective these lines are.

I mean, they're huge. These are huge lines of support from a weekly perspective. So that's why I'm thinking we're going to try and stage a relief bounce. Listen, it could fail, but if it doesn't fail, it's going to get a lot of shorts on the back foot because they've been selling for four weeks straight.

Right. This is a weekly chart and it's been going straight down.